California activist and attorney, Frank D. Walker, makes the case for radical tax reform. As the home page puts it, this is:

Reform That Will Revitalize California's Economy and End The Public
Finance Crisis

- Advertisement -

The California Tax Reform Initiative is now in circulation for the
purpose of obtaining sufficient signatures of registered voters to
qualify for the ballot next November (Sec. of State initiative #1413,
A.G. File No. 09-0051).

When approved by voters, this measure will eliminate most
taxes which discourage productive enterprise and commerce in California.
The following taxes will be abolished: the sales tax, the existing
property tax on both real and personal property and the corporations
tax. The first $150,000 of annual personal income will also be exempt
from the state income tax and the maximum income tax rate will be
reduced to 8%.

Public
revenue for state and local government will primarily be provided by a
tax which economists agree does not penalize productive activity -- a tax
on the rental value of California's enormously valuable land.

- Advertisement -

Improvements to land, including all
buildings, will not be taxed. California's public assessors already
value land and improvements separately for each parcel of real property,
so the new tax system simply builds upon a valuation system which has
long been in place in our state.

Three key outcomes which this tax reform initiative will
provide are:

A prosperous state economy with many new, productive jobs.

Lower taxes for the large majority of households in California.

Ample public revenue to benefit all Californians

California's
Legislative Analyst and Department of Finance estimate that the new tax
on land rent will generate revenues of $130 billion to $160 billion
annually.

However, this is a conservative estimate
based only on existing land values. It does not take into account the
large increase in land rental value which will certainly occur as demand
for land in California rises sharply in response to the elimination of
well over $100 billion in existing taxes which now fall largely on those
individuals and businesses who produce the goods and services that
constitute the economic output of our state.

As producers respond with increased
investment and new enterprise to the elimination of taxes which
currently reduce productive activity and commerce, California's economy will surge forward and many
new job opportunities for unemployed Californians will be created.

Because the ownership of our state's most
valuable land is heavily concentrated into the hands of a relatively
small number of Californians and non-residents (often corporations whose
owners mostly reside outside of California), the large majority of Californians will pay
substantially less in taxes under the proposed new system than they do
now.
Californians who rent will benefit hugely under this reform as will a
high percentage of working homeowners, especially those households with
two wage-earners.

=====

- Advertisement -

In a followup directed to Georgists (full disclosure: I am a card-carrying Georgist, and President of the Georgist activist group, Common Ground - New York City), Walker had this to add that might spell out the benefits of this tax reform more clearly:

"The bottom-up revolution is fueling tremendous change in politics, commerce, and how people relate to each other. Rob Kall's book Bottom-Up provides a powerful guide to how organizations can understand and tap bottom-up's power. "

Craig Newmark, founder of Craigslist

Author Mark Taliano combines years of research with on-the-ground observations to present an informed and well-documented analysis that refutes the mainstream media narrative.